A question about the book "Candlestick charting explained"

Excellent analysis Jhig...by the way, #4 is called a highwave candles...meaning the market is confused...so you can treat its hi/lo levels as a channel breakout...it's not really a reversal pattern.

Cheers.

ps. like your 4hr system on eurnzd!

I don't know if anyone is still reading this but I think that candlesticks are more common sense than anything. I mean that ,for example, if one would see a bearish candle with a long wick to the downside bulls may be coming in and look for it to turn around, Now that may or may not happen. I think people just want an A+B=C type of situation. This is not the case but at least at that moment, the market is telling you something. You just have to listen. When you take this into account with support and resistance, it will speak its own language. I don't think anyone needs a book to tell them this.

Another example would be a bunch of bullish candles, lets say 3 in a row with big bodies and small wicks on an hourly time frame, and the next 3 are smaller with large wicks. Wouldn't common sense tell you it is losing momentum. A person shouldn't need a book to tell them that.

If you have an open mind, the charts will begin to speak to you. Just be sure to listen.